Latest Announcemnent
New thread

Microsoft tried to acquire Facebook for $15 billion

Status
Not open for further replies.
X

XForce!

Active Member
1,127
2010
22
0
facebook-microsoft-lg1.jpg

A lot of people thought Mark Zuckerberg was crazy when he turned down Yahoo's $1 billion offer, but it now turns out that he also declined a $15 billion offer from Microsoft in 2007. This information was revealed at a press conference entitled “How to get acquired” at the Le Web conference in Paris.

The Telegraph reports that Microsoft’s Senior Director of Strategy and Acquisitions, Fritz Lanman, confirmed that Microsoft did try to buy Facebook in 2007. It was believed by Microsoft that Facebook and Microsoft were similar, and because of this Steve Ballmer approached Zuckerberg and offered $15 billion; Microsoft did not state why they felt the two companies were similar. Zuckerberg reportedly replied to Ballmer by saying "Why don’t we just buy you for $15 billion?”

After the rejection, Microsoft made an investment of $240 million into Facebook, which resulted in the search partnership that we see today. Why Zuckerberg didn't accept the offer is quite obvious, as Facebook today is far more powerful than it was in 2007. With Myspace all but out of the picture, Facebook is the dominate social media platform and nothing comes close to competing with it.

What the future holds for Facebook is unknown as the site contains so much personal information, its literally a treasure chest full of information to marketers. But, as the technology world goes, its not about the products that currently exists that will challenge Facebook, its the new startup that no one has heard of yet that may eventually lead to Facebook's demise.
Click to expand...

Source: Neowin
 
16 comments
its all about what you love to do. No money in the world could buy if you are doing something passionately, and facebook is perfect example of that. Thats why i respect mark.
 
brainst0rm said:
its all about what you love to do. No money in the world could buy if you are doing something passionately, and facebook is perfect example of that. Thats why i respect mark.
Click to expand...

Loved The Sentences You just WROTE 8-)

a Complete Reality and TRUE.

If you want a Site to be a Success.
 
I sniped them at the last second with a 16 billion USD bid and won the auction. Forgot to leave feedback though :(. "A+++ seller!" xD
 
XForce! said:

Source : WikiPedia

Microsoft is making a good deal :)
Click to expand...

lol. Wikipedia thinks Mark Zuckerberg is worth US$6.9 Billion not Facebook. Your quoting it wrong.

It's very difficult to put a price on online sites like Facebook and Twitter. For example Twitter has never EVER made a profit. Neither has Youtube. Facebook never made a profit until a year ago. The thing is these companies have the potential to make massive money which is why they are valued so high. If a regular company was to make as much profit as Facebook it wouldn't be worth or valued near as much as it currently is.

Sure a company turned down Google's offer of $6 billion only a few days ago.
 
But, as the technology world goes, its not about the products that currently exists that will challenge Facebook, its the new startup that no one has heard of yet that may eventually lead to Facebook's demise.
Click to expand...

Won't happen. Mark is too smart to even let this come close to happening. He would buy the startup for a price that is not declinable when you first start. I'm sure he has workers search the internet constantly for people with facebook ideas.
 
Status
Not open for further replies.
Back
Top